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Bank of England Governor Bailey: We must adopt an open attitude towards the opportunities and risks of artificial intelligence.
Jin10 data reported on October 6th that the Governor of the Bank of England, Bailey, stated in a speech scheduled for later Monday in Scotland that the UK should create an environment conducive to investment. Bailey will point out at the Global Investment Summit in Edinburgh that economies need to make breakthroughs in the so-called “General Purpose Technology” (GPT) field to drive investment and productivity rise. Artificial Intelligence (AI) is an example. Bailey stated, “We must look at the potential and risks of artificial intelligence with a pragmatic and open attitude,” and he added that he is optimistic about “the opportunities for investment, innovation, and growth.”